17 Juni 2020, EUR/USD
Technical observation
EUR is still trading above the supportive zone 1.2334-1.1210 and as long as price is contained above this zone, we can only expect bullish movements. If you bought this pair within zone mentioned above after a rejection, remain long with your take profit at 1.1459 and stop loss at 1.1133. Should price penetrate above the line 1.1459 with a big green candle, remain long with EUR after a correction to the just broken line and a rejection at it. On the daily chart above, as long as price is contained above the zone 1.2334-1.1210, I only anticipate bullish movements. Short positions can only be expected below the zone.
Trade recommendation
Remain long with your take profit at 1.1459.